As a follow-up to an earlier post about the best way to work with
Moneywell with my wife, etc., another question comes to mind: how
might I best differentiate in Moneywell between my income (which is
all self-employment income) and her's (regular-pay-check income), and
between my expenses (many of them business tax deductions), and hers,
which are not? I ask because it seems like it would be easier if we
could have (for example) one joint bucket for all income coming in,
and similarly one joint bucket for each of the various expense
categories. But will it get confusing if we have (as an example) an
"entertainment" bucket, some of which will be tax deductible for me as
research, some of which will be her's and not tax-deductible, etc.? Am
I obligated to have "business" and "non-business" income/expense
buckets for everything (or am I over-thinking this? :-))
Thanks in advance!
- Rob
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